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20121205
20121213
Search Results 0 to 46 of about 47 (some duplicates have been removed)
: appreciate it. edward tweeted us to say for six years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new york. ♪ neil: sometimes you can sum up a week with a couple words, but this week, it's with this ad. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't want seniors to come up empty, call your members of congress and tell them don't make a bad deal that cuts our care. neil: if that doesn't tell you real cuts are not coming, neighbor 101 democratic congressman want not to cut social security could drop a hint coming days after the national black cause cues coming further urging all entitlements, not just social security, be left off the cliff talks. you wonder why i fear we had headed for the cliff fast. welcome, everybody, i'm neil cavuto. that's really the deal this week. no deal this week. hence, that if one of the seriously coming b
who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tremendous cuts in medicare. i think we'll get a deal. we have to. i think the president understands that. neil: i know we have to, but we've been this way before. here's my worry, that a bad deal could be worse than no deal. a bad deal, let's say there's cuts, and i don't envision many, your comment, though, withstanding, because i don't see the resolve for it because even slowing growth in a program is opposed by unions, the congressional black caucus, 101 democratic congressmen, when it comes to social security, whether that should or shouldn't be part of the discussion is going to remain as a zeal to raise taxes over cutting spending. that's what worries me. >> well, you know, neil, i sit here in the financial markets, and so my concern all the time is protecting and preserving individuals and corporations' wealth. i look at this, how does it affect the market, and to your point about if this is a bad deal, wher there's, you know, no spending cuts, increase in taxes, i think the m
on the entitlements they feel entitled too, and they will hold barack obama accountable if the spending cuts are more than they would like. >> neil, unions don't have a point, but propaganda. that ad leads up to a day of action from the union on december0 #th, you know, that never turns out well, does it? i mean, g.o.p., i think, loses on the issue because they are basically siding with the unions wanting to extend, preserve, and protect entitlement programs. they should tke aage from george bushing and move twards privatizing eitlements giving ownership. th own a safety net that's nothing. it's empty. that's why the system is collapsingn itself. >> i think john's rnc sighing a breath of relief you are not in charge of the campaign. that's political suici. neil: there's aoint of losi resolve, their mojo. that used to be the stuff in dna to show responsibility. >> we talked about this. you have jim demint leaving the senate saying i'm more effective at the heritage foundation, the tea party and others do not want deal. neil: worked under harry reid. >> well, no, no, he filibustered -- neil: no mystery
, is is the b plan -- $25.2 trillion by 2022. mr. obama wants $350 billn in entitlement cuts over the next ten years, mr. boehner wants $800 billion in entitlement cuts, and we're going to see a big, dramatic negotiation. and whatou and i is -- and all of our fellow americans are looking at is the prospect of a recession next year if the president and mr. boehner can't come to an agreement, as much as a 10% unemployment rate because both this president and the republican party, as you can see here, are playing at the margin. and the national media is not focusing on what the realy is. they're just playing games right in washingn.he folks in office andhis president is guilty of class warfare. fo what? for that? are you kidding me? president obama seems to love the drama. i thought he dn't like drama. but the reality iss there will e is little impa our fiscal future. and as nation, after all of the drama and whatever the outcome, we remain in geat jeopardy. because this isn't a fiscal future any of us, any of us wants. >>> morsi declares martial law in gypt and claims he's not a dictator. the
.8, oh, no, that's going to get cut down. it'll amount to $25.4 trillion. if, we'll call it obama wins. the national media waiting for that one. that's what's going to be. it's going to be a really dramatic -- you know, i ought to just trace that line, the change and show you exactly how it changes. this is how that line changes over the course of the next ten years, if the president wins. unfortunately, neither party is offering a serious proposal to trim either our deficit or our debt. the obama plan has $2 trillion in deficit reduction over the next ten years. the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020, i guess the best way to show you is just how tough it is. we'll only have a deficit and a debt, a national de
the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be real cuts happening at the same time. neil: rudy guiliani. i am headed to washington to save us from the mess. be where. i am coming. girl: n't look at me. second girl: your hais a bit frizzy tod. aw! ha ha! you shoulpick at up. announcer: every day, kids witness bullying. poor youha ha! they want to hel but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. ♪ grew up in a all town and when the rain would fall down ♪ ♪ i'd just stare ou my window ♪ ♪ dreaming of what could be and if i'd end up happy ♪ ♪ i would pray i could breakaway ♪ i'll spread my wings and i'll learn how to fly ♪ i'll do what it takeses till i touch the sky ♪ ♪ i gotta take a risk, take a chance, me a change, and break away ♪ ♪ wanna feel the warm breeze, sleep under a palm tree ♪ ♪ feel thrush of the ocean ♪ ♪ get on board a fast train, traveon a jet plane far away ♪ ♪ and bak away ♪ out of the darkne
been. what d the obama arithmetic that $1 trillion we have already cut. >> 800 billion for the board that would be financed anyway, there has to be re cuts happening at the same time. neil: rudy guiliani. i am headed to whington to save us from t mess. be where. i am coming. but we c still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all inne place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors now get 200 free trades when you open an account. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with priloseotc and don'tet heartburn in the firsplace! [ male annncer ] e pill eachmorning. 4 hours. zero heartbur neil: as if i am n busy enough but this super heroes day is never done after talking to astronauts now trying to get washi
: appreciate it. edward tweeted us to say for s years, six years, obama said the bush tax cuts are bad, drop bush's name, and, now, the tax cuts are good. how can this be? it's interesting, isn't it? that's all for us. have a great weekend. we'll see you monday. good night from new he said the. 40 years back. what are we now? 9:00 p.m. sunday. fox news. relive the dream dream again. >> the federal government will conduct a national test of the emergen alert system. >> you cannot avoid it. it is everywhere. john: does it make you feel safe the government spent 40 years studying the assault assault -- soap. do we need government to protect workers? >> absolutely. next? -- question. [laughter] >> good intentions and gone wrong. that is e show. tonight. john: politians claimed they make life better to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has tprotect them. almost everybody agrees. >> they should be protected. def
political position. when we go over the cliff as matter of law the obama tax cuts expire. we have sequestration where these drastic cuts take place but the president politically knows that even if it a deal is made in january, february on spending they can be made retroactively. so the president believes he is in a much better position on spending than he is today in making a deal because any deal that they make will be retroactive. adam: let me flip your logic. do you think politically i don't think it would be good economically, politically good for the republicans to call the bluff, go over the cliff. yes, there is short-term pain come 2014, midterm's election the president's economy. the president gets responsibility for what happens after the cliff drops. wouldn't that be the political move to make if you're john boehner? >> we really have no choice. president is in the driver's seat and boehner is hostage in the back seat with the president with his foot on the gas. nothing the speaker can do, other than perhaps, i think it would be politically wise for the house to pass a b
differences, that is the assessment from house speaker john boehner, saying he and president obama have their work cut out for them, is it time to get counselling, here is what some are tweeting the show. jason said, congress members are all spoiled and bratty kids, they need a firm hand to their back side, they should get paid for what they get done, no more salary. >> they need to get their heads out of politics and do what is right for the country. >> and does congress need counselling? 90% said yes, 10% said no. must have been their parents,. >> dave writes, medicare and social security are retirement programs we've been paying into for 40 years. >> i am 73 years old, and am sick of off
to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here, what are your thoughts? >> i came on this show two weeks ago, i told you then that president wanted to go cliff diving, that is what he wants to do. he is not serious about getting a deal, if he was so serious, he would not have met with john boehner sunday morning then go out 24 hours later on a campaign stop to michigan railing about some middle class tax hike jarg onljargon he is using. he wants to go off the cliff,. lou: looking at that number. newest fox poll released a couple hours ago, that polls poe 5-- say 57% say that best way to deal with budget is with dedictions, and then, what we're seeing in these numbers is, if not direct s
for shareholders. i think in this case speaking out against obama care which is a substantial costs that weigh onrofits is something they should do. it is proprofit to talk about a law to let the nation know and lawmakers know what will cut in profits and so in this case, i think they should speak out. i question whether lower sales are relate to obama care. >> that's what they are saying. the hit ty took from the press about critizing obama care led to people not frequenting their restaurants. john and i could mike a point of buying humus from whole food because we support the libitarian viewsf the chairman. but there is it the guy who applied the pizza toppin voted republican once. let's boycott it it cuts both ways. >> by the way morgan, it is not only olive garden but papa john. >> bad press is bad for business. the ceo came out and said obama care would lead to 14 cents more per pie and one of our reporters didhe math metics and fnd it was four cents a pie . since then. since then, the ceo back tracked and it makes the company look silly and greed. we are seeing that blo back. >> but the
? >> okay. there is no need to raise taxes to get a deal. obama two years ago extended all the bush tax cuts for two years. there is no reason not to do that again. his reason --. melissa: he will not agree to it though. seems like the only way to get a deal done here is to give an inch much of ground? >> there is no deal if he wants to raise taxes. -phe can veto any, the republicans have already passed through the house making those tax cuts permanent. if the gnat, which hasn't acted, hasn't voted, remember the reason why we have this odd position of some of the weird polling that you're talking about which is different than the traditional polling is that we've had a news blackout about what goes on inside these negotiations. we've been insisting that we should have those negotiations between boehner, reid, everybody forgets harry reid is in the room and obama with c-span cameras there so every american can see what actually happens. if they saw what they're talking about, we would have a much better deal at the end of the day. melissa: i don't know. i think we would all be in agony watchi
big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending rerain sequester, which obama wants to put off. that would save 1.2 trillion over a decade. he wants to put it off and spend the 1.2 trillion. melissa: all true but you know what? at this point it seems like it is not resonating with the averaae american. go out and loo at polls. quinnipiac said 77% of all republicans think it is a bad idea for lawmakers to promise never to raise taxes. >>o, no, read that poll. melissa: reading it verbatim. >> the question was, ould you not raise taxes on the high income earners, whatever. melissa: to never raise taxes on wealthy under any circumstance? >> okay. the pledge of course is not to raise taxes period. the edge is also to the amer people not to any one group of people. so the good news is, also, whenou ask people, even the ones who say it would be okay to raise taxes on high income people, if we rse taxes for the fiscal cliff or for debt ceiling, do you belie
thinking -- >> what they are saying is that obama will have to give more, than entitlement cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression political party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >> they hope to stan strong together in one message, we need a warrior that is why i'm delighted that jim demint is leaving and going to the heritage foundation, we don't have a clear champion on our issue, senator rubio does a great job but we need more out there jan the kuh cuban guy from florida. lou: i tell you, right now, i may be insulting a lot of people, but he is the most ex fisk communicate or -- effective communicate or the republican party has but he is not talking about the fiscal cliff. >> he said we have to did is not create new taxes but new tax payers, not make the richer poorer but the poorer richer. lou: that is a great slogan. >> you have to create policy, we're 25 days away from the fiscal cliff. >> to your original question about l
million in so many things. if we got the fiscal cliff. gerri: withhe dense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the sta budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets,ifferent employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> tha
at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses moving higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, and ten year treasury down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, pre
a budget in three years. never had a budget. i think the senate democrats and president obama, want us to go over the fiscal cliff, they get a bunch of revenue, and return in dribs and drabs on the american middle class, they keep the majority of revenue, spending cuts can be finessed. lou: we looked at total spending under boehner plan and as we understand them obama plan, and no plan, they end ought about the -- end at about the same place in 2022. this is madness. >> the obama drama that is surrounding this negotiation. over an inconsequential increase of a tax over 2%, and no affect, across 10 years of national debt that is madness. >> this is nuts, it is unnecessary, but this is politics, it has nothing to do with policy. lou: and who is the beneficiary of that? >> well, look, president obama ran on this he was elected with a margin that is substantial enough to warrant this public opinion supports him, public opinion supports his position, and public opinion will support obama over the republicans if we go over the cliff, he will go over the cliff rather than take a bad deal. and
: president obama met with ceos head of the looming deadline for tax cuts and spending cuts. david: a fiscal deal could be reached in a week. rich edson with the latest. it was an off the record meeting. this is a meeting that affects all of us. speak of the business roundtable says all the meetings are off the table and they have the initial remarks live and available to the press. in that the president did say we could settle this issue in a week if republicans relent on their position for taxes. offering $800 billion in tax revenue, coming from only closing loopholes and seductions, no to a tax rate increase for the president says it is making $250,000 or more, tax rates are going up. >> we will not raise them just out of spite, but rather because the need to raise a certain amount of revenue. >> the president doesn't agree with our proposal and our outline, think he has an obligation to send one to the congress. and a plan that could pass both chambers of commerce. if you look at the plans the white house has talked about thus far, they couldn't pass either house of the congress. >> high
. so what do we do? we start, melissa, because over the last decade evious to president obama, we have spent like, we are running water. two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what do we do now in three weeks? let's go aheadand give 98% of the american people a tax t. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting theissue taxes and theye not telling the american people that the enlightment reform and tax reform is ane
. this is not a republican or democrat problem. it's a washington problem. they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the u.s.. president obama get his way or boehner or either? who knows. the results of a new report next. tracy: the future of our country hinging on our grdlocked congress. does that make you feel better? so far the fiscal plans put forth by the president and speaboehner simply wonnt cut it. a new report out find neither proposal reduces our debt enough to solve our economic crisis putting the country at, well, further risk for another downgrade. anybody want to talk abou august last summer in what will it take to get the house in order? ask alex, r
's a washington problem. they won't cut spending. i fear republicans are going to raise taxes to pay for president obama's spending. that's wrong. it's not going to work. that leads us over into a debt ceiling disaster and a possible downgrade of the credit rating. tracy: all we're good at is kicking the can. keep fighting the good fight. don't give up. >> we won't, thank you. tracy: good. we're like beckham, kick, kick. when we come back, is try -- is china trying to take over? a look of their moves inside the u.s.. president obama get his way or boehner or either? who knows. the results of a new report next. copd makes it hard to breathe, but with advair, m breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher ch
in the house and the senate and we had clinton, who was a democrat, we put work requirements in welfarr. we cut the nuer of people on welfare down from about five million to three million. then obama comes in and, so he reinstates it and takes the work requirements out and now people are outraged because we have these people on food stamp. melissa: stop this one next. this one is absolutely insane. thank you so much for coming on tonight. we appreciate your time. >> you bet. melissa: time for today's fuel gauge report. freshwater forecasts expected decline in inventories sent natural gas stocks soaring. a cold front expected to move into th u.s. raising the outlook for natural gas demand. oh, no. >>> freeport-mcmoran is plunging head first into oil. the mining giant is buying plains exploration and mcmoran exploration for a total of $9 billion in cash and stock. freeport will also assume about $11 billion in debt. >>> u.s. oil production reached its highest level in almost 15 years in september. new data from the energy information administration says u.s. crude output averaged 6.5 million barr
, gentlemen. liz: only three weeks before tax hikes and spinning cuts will take place the fiscal deal is not reached. david: the president and the house speaker meeting. president obama changing his tone a little bit mentioning compromise. peter barnes in washington with the latest. they were saying we believe actions, we have heard so much chatter, we can't really bet on that. >> right now we're just hearing chatter. the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did
to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be addressed. especially they will talk o on a phone only once per week. it has been
in tax rates, repeals bush tax cuts from 39 to 45%, and if you don't, i will sit here, and we'll go ove the cliff, and everybody's taxes will be raise. i think president obama is less frigened of going over the cliff tha the republicans are, that is why the republicans are making all concessioos. i tell you, if we go over the cliff, here is what he wouldo, sa okay, now, everyone's tax have been raised, it happened because the republicans wanted stand by their fat cat friends, while i tell you, what their taxes will stay where they are increased and i have a tax cut f 98% of aricans that will send up to the hill a seen as congress gets back here, we restore the bush tax cuts for middle class and workin work cst the rich are paying their fair share, and i think that country will applaud. neil: you think he comes out a hero, that is why republicans fear if that scenario they lose. >> they are i a lose-se situatio onl thing obama has to fear is, if he plays it hardball, and takes us over tha@ cliff,n play the savior beyond the cliff. its possible that we could have a real downturn, a real r
. president obama remains insistent that republicans yields to his ultimatum thahe be allowed to raise taxes on those making more than $250,000 a year. republicans for their part insist that the president gets serious about cutting spending in order to reducetrillion dollar deficits and a natonal debt that is nw mind-boggling league not -- monotonous. house minority leader disagrees vehemently with the speaker on how to reduce deficits and debt. today she offered a paradoxical statement on scal policy that wouldake both casey stieel and yogi berra proud. the nation now just 24 days away from $600 billion of spending cuts and tax increases that will automatically kicked in. and pelosi has some wise words for washington. please listen terror. >> this is a mment of truth. the clock is ticking. christmas is coming. the goose is getting fat. in many homes across america it is very, very lean times. you cannot cut your way to deficit reduction. lou: that's right. pelosi says we cannot get our way to deficit reducti. listen to the top democrat in the house of epresentatives, the former speaker of t
? connell: it is time for dennis and cheryl. some traders complain when president obama speaks the stock drops. the dow up 95. dagen: we just trademarked it, thank you. dennis: i am dennis kneale. cheryl: i'm cheryl casone. citigroup stock up. more cuts could be coming. dennis: friendly fire for housepainter. he is caving in to the president. we will talk to one of them straight ahead. cheryl: order a new tv on your phone, have it delivered that day. ebay launching a same-day delivery business. dennis: fedex, eat your heart out. nicole petallides at the new york stock exchange. the dow up despite the fiscal cliff phobia. nicole: we have been selling off for a couple of days. the dow down 75 points. we had a little bit of room to snap back and move to the upside. the vix fear index has moved lower at the moment. moving things along as well. watching the banking index and the drug index with a perilous. the nasdaq composite still cannot squeeze out a gain. the dow has significantly improved up three quarters of 1%. i wanted to take a look at one of the bank stocks, citigroup streamlining a
of an effort to cut costs by 1.7 billion dollars per year. fedex stock, no change, 88 bucks a share. now joining the company from chicago is our next guest. the headline for the day is president obama has drawn a line in the sand, he says there isn't a deal on the fiscal cliff unless you raise tax rates on the rich, very important, tax rates on the rich. what do you make of that? >> well, first of all, in some ways, you have to say that the big spending, big government liberals are winning this debate, because they have reframed the entire discussion about revenues. listen, washington has a spending problem, and as long as we kind of misdirect this discussion and we only talk about taxes, then we never discuss any meaningful reform in entitlements. we never discuss spending. so from this standpoint, the left is absolutely winning this argument, because that's what you and i are talking about right now, tax revenue. there is not a revenue story. -- this is not a revenue story. it is a spending story. >> thank you, you are right sir, yet again. thank you very much indeed. let's bring in ki
, mortgage interest deduction perhaps no longer the sacred cow. it is on the table for cuts to avoid going over that cliff. joining me with the take on how this affects you and the housing market overall is they're serious about that at this point. both candidates, president obama and mitt romney were not willing to address it in the debate. now it is on the table. what do you think our viewers should know. >> we have been talking about mortgage interest deduction back through the campaign but they're getting more specific for one possibility, the amount will be capped instead of 1 million or the rate at which mortgage could be deducted would be lower than the top marginal tax rate. cheryl: let's say i am deducting $100 so at this point it is thirty-five dollars but my deduction will be 28. >> one option, instead of being able to deduct $35 for every $100 of interest it might be $28. that is one option. cheryl: one third of filers in this country itemized deduction, a big piece of that is the mortgage interest deduction. half of those that use the mortgage interest deduction filers of the
: thank you as always. melissa: president obama had to try to seeking more support for the fiscal cliff plan. peter barnes is here with the latest. >> just over an hour they will speak at a diesel engine plant persoextending tax cuts for fedl tax workers. keeping up the pressure on republicans to cave on taxes after the president and speaker john boehner met at the white house yesterday in a spokesperson said discussions with the white house are taking place, but we have no details to share about the substance of those conversations. they say perhaps the best strategy for them is to accept some higher tax rate the president is demanding, get that off the table and combat entitlement reform early next year the president can work for increasing the debt ceiling. republicans will have a little bit more leverage. speak a lot of people putting forward a theory, and i think it has merit for you give the president to 2% increass he is talking about, the rate increase on the top 2%, so there is a growing body. i'm beginning to believe that is the best route for us to take. speak loudly the deci
Search Results 0 to 46 of about 47 (some duplicates have been removed)